We scored many projects this week. Here are a few you should know about:

1. Sogni

2. Pye 

3. GTE 

4. Flare Network 

5. Soneium

Please remember that some of these projects still need our code review process. Still, we want to call them out here because they preliminarily caught our eye based on our fundamental analysis process.

1. Sogni - 70.00%

Website | X(Twitter)

Sector - AI/DePIN

Status - Testnet

Sogni is a decentralized creative AI platform built on a proprietary Decentralized Physical Infrastructure Network (DePIN) called the Sogni Supernet. It leverages distributed GPU networks to address the high costs and restricted access of centralized AI rendering services. 

Utilizing TypeScript-based SDKs, WebSocket APIs, and partnerships with compute providers like Nosana and Salad.com, Sogni tackles the problem of slow, expensive, and gatekept creative AI tools by offering a scalable, censorship-resistant network for artists and developers. The solution delivers professional-grade image and video generation much faster than traditional cloud services, empowering creators with accessible, privacy-focused tools across macOS, iOS, and web interfaces. 

Features

• Sogni Supernet: A DePIN of NVIDIA and Mac-based GPUs, optimized for high-speed AI rendering, enabling up to 512x512px image generations with real-time performance.

• AI Model Flexibility: Supports multiple image generation models, including quantized versions for low-memory devices, allowing creators to import custom core ML models for tailored outputs. 

• Developer SDK: Provides a TypeScript/JavaScript SDK with WebSocket-based APIs, enabling developers to integrate Sogni’s rendering capabilities into custom AI tools or dApps.

• Privacy and Control: Ensures complete user privacy with no data tracking, offering local rendering options and a content filter for safe, creator-owned outputs.

Token

Sogni has a live rewards program for testnet $SOGNI, which will be converted to a utility token after the mainnet launch. Rewards can be earned by creating images using Supernet, providing computing to power the network, or through referrals. 

Investors

Sogni raised a $2M pre-Seed round in March 2025. It was led by Republic and Comma3 Ventures and included Formless Capital, CoinGecko Ventures, Contango Digital Assets, and a few others. 

2. Pye - 68.33%

Website | X(Twitter)

Sector - DeFi

Status - Testnet

Pye is a DeFi platform on Solana built with Rust. It introduces Liquid Staking Bonds (LSBs) to address the illiquidity of 91% of staked SOL, which limits its use in decentralized finance. By tokenizing staked SOL into tradable Principal Tokens (PSOL) and Yield Tokens (YSOL), Pye enables validators, stakers, and Liquid Staking Token (LST) holders to unlock liquidity, hedge rewards, and optimize capital efficiency without compromising Solana’s decentralization. 

Pye’s orderbook-based marketplace facilitates seamless trading of these assets, empowering users to monetize future yields, trade locked positions, and integrate staked capital into broader DeFi strategies. 

Features

• Liquid Staking Bonds (LSBs): Splits staked SOL into Principal SOL (PSOL), redeemable at maturity, and Yield SOL (YSOL), representing future rewards, both as SPL tokens composable across AMMs and lending protocols for enhanced DeFi utility.

• Orderbook-based Marketplace: Integrates with manifest.trade and Jupiter’s Router, allowing users to list and trade PSOL and YSOL via spot purchases or limit orders, enabling flexible yield trading strategies. 

• Yield Trading Flexibility: Users can sell future yields upfront for immediate liquidity, hedge against reward volatility, or trade discounted PSOL/YSOL to capitalize on market dynamics, optimizing staking returns.

• Capital Efficiency: Enables stakers to use locked assets as collateral for loans or trade locked positions before maturity, unlocking new financial opportunities while maintaining validator delegation. 

Token 

The Pye points program is live. It represents a share of the initial $PYE tokens during the Token Generation Event (TGE). Users can earn points by depositing SOL and LSTs and through referrals. 

Investors

Pye raised a $900k pre-Seed round in October 2024 from Chorus One, Anagram, and Kiln.

3. GTE - 65.42%

Website | X(Twitter)

Sector - DeFi

Status - Testnet 

GTE, developed by Liquid Labs on MegaETH, is a decentralized trading platform leveraging Solidity smart contracts and a crankless on-chain design to deliver centralized-exchange (CEX) level performance, processing 100,000 orders per second at 1ms latency, addressing the fragmentation of token lifecycle management in DeFi.

Built as an all-in-one venue, GTE integrates a Central Limit Order Book (CLOB), Automated Market Maker (AMM), token launchpad, and price aggregator, solving the problem of navigating disparate platforms for asset creation, liquidity bootstrapping, and trading.

Currently in testnet beta, GTE supports trading pairs with ETH, USDC, USDT, and capUSD. It offers non-custodial, high-speed trading with DeFi’s transparency and composability for a seamless end-to-end experience. 

Features:

• All-in-One Trading Venue: Combines CLOB, AMM, and price aggregation to support spot and perpetual trading, eliminating the need for separate platforms like launchpads or DEXes, with seamless execution across MegaETH’s ecosystem.

• GTE Launchpad and Takeoff: Offers a launchpad for established projects to conduct Token Generation Events (TGEs) and Takeoff for permissionless token creation with bonding curves, automatically seeding AMM liquidity pools for new tokens.

• CEX-Level Performance: Achieves 100k orders per second with 1ms latency via MegaETH’s optimized infrastructure, providing low-slippage trading on fully on-chain CLOBs for mature assets.

• Best-Price Aggregator: Scans GTE’s AMM, CLOB, and other MegaETH venues to ensure optimal trade execution, enhancing price discovery for users across all asset stages. 

Investors

GTE has raised a total of $10.94M across three different funding rounds. The first one was a $1.5M pre-Seed in July 2024. The second was a $6.94M Seed round in October 2024, which saw participation from notable names like GSR, Robot Ventures, Maven 11 Capital, Wintermute, Big Brain Holdings, Flow Traders, and others. The third and last round was an ICO of $2.5M in January 2025 on the echo platform. 

 4. Flare Network

Website | X(Twitter)

Sector - L1

Status - Active

Flare Network is an EVM-compatible Layer 1 blockchain built with Solidity and a proof-of-stake consensus mechanism. It is designed to address the challenges of limited access to high-integrity, decentralized data for smart contracts, which hinders scalable DeFi, gaming, and NFT applications.

By integrating native oracle protocols like the Flare Time Series Oracle (FTSO) and State Connector, Flare provides trustless access to real-time price feeds, cross-chain data, and Web2 APIs, enabling developers to create data-rich, interoperable dApps. 

Flare’s multi-network architecture, including the Flare Mainnet, Songbird Canary-Network, and testnets Coston and Coston2, supports robust development and testing, positioning Flare as a critical infrastructure for data-driven blockchain ecosystems in 2025.

Features 

• Flare Time Series Oracle (FTSO): Delivers decentralized, continuous price and data feeds to dApps, leveraging independent data providers incentivized for accuracy, eliminating reliance on centralized oracles. 

• Flare Data Connector (FDC): Enables secure, trustless querying of verifiable data from other blockchains and Web2 APIs, facilitating cross-chain interoperability and real-world data integration for dApps. 

• FAssets System: Allows non-smart contract tokens (e.g., BTC, XRP, DOGE) to be tokenized as FAssets for use in Flare’s DeFi ecosystem, unlocking liquidity and smart contract functionality without centralized intermediaries.  

Token

$FLR is the native utility token of the Flare Network with a total supply of 100 billion. Use cases for the token are staking for network security, governance, and transaction fees. It is also used in data provision, which involves incentivized delegation to the FTSO.

Investors

Flare Network has raised $57.78M across multiple funding rounds. The first one was a private token sale for $11.48M. The second one was a strategic round from Xpring Capital. The third one was a $11.3M round in June 2021, led by Kenetic Capital, and saw participation from Digital Currency Group (DCG), CoinFund, Genesis, LD Capital, Borderless Capital, and others.  And the last one was a $35M round in February 2024 from Kenetic Capital and Aves Lair. 

Where to Buy the Token?

$FLR trades on leading centralized exchanges like Coinbase, Kraken, Gate.io, Bybit, OKX, KuCoin, etc. 

5. Soneium

Website | X(Twitter)

Sector - L2

Status - Active

Soneium, an Ethereum Layer 2 blockchain developed by Sony Block Solutions Labs and Startale, leverages Optimistic Rollups and Solidity smart contracts to address the high costs and complexity of onboarding mainstream users to Web3, which limits blockchain adoption. 

The blockchain is built with EVM compatibility and integrates with wallets like MetaMask. It offers a scalable, low-cost platform with tools and APIs for creating user-friendly dApps, alongside built-in regulatory compliance features to simplify global development. 

Soneium’s mission to foster an open internet enables creators worldwide to collaborate and innovate across DeFi, NFTs, and gaming, driving mass adoption through Sony’s global reach and Startale’s blockchain expertise. 

Features 

• Mainstream-Friendly Tools: Provides developer APIs and SDKs for building intuitive dApps, with pre-built UI components and wallet integrations to lower the entry barrier for non-Web3 users.

• Regulatory Compliance Suite: Offers built-in tools to navigate global regulations, enabling developers to create compliant dApps that can scale to diverse markets without legal complexities.

• Optimized Fee Structure: Combines L2 execution fees with L1 security fees based on EIP-1559, allowing users to save costs by timing transactions during low-gas periods on Ethereum.

• Community-Driven Ecosystem: Encourages global collaboration through a creator-focused platform, supporting diverse use cases like DeFi, NFTs, and gaming. It is backed by Sony’s brand and Startale’s Web3 infrastructure.